【12月15日】【会计学院学术论坛】The Effects of Organizational Structure on Management Earnings Forecast- Evidence发布日期：2019-09-12 21:07:56
讲座人：Mark (Shuai) Ma
讲座主题：The Effects of Organizational Structure on Management Earnings Forecast: Evidence from U.S. Multinational Firms
摘要：Using a sample of U.S. multinational firms, we examine the effects of vertical versus horizontal organizational structure on management earnings forecast. For vertical firms, information from individual foreign product markets needs to travel through multiple layers of area management to reach the general manager. Such information delivery process can result in the loss and delay of information critical for the general manager’s understanding of firm performance. Consequently, the compromised internal information environment in vertical firms would negatively affect the accuracy and timelines of management earnings forecast. We provide evidence that vertical firms’ management earnings forecasts are less accurate and less timely than horizontal firms’. In addition, we find that financial analysts react less strongly to the news in vertical firms’ management forecasts. Our results are robust in a battery of robustness tests. Our study suggests that organizational structure plays an important role in shaping firms’ financial disclosures to external stakeholders.
讲座人简介：Mark (Shuai) Ma（马帅），2009年本科毕业于北京师范大学，2014年毕业于The University of Oklahoma，获得会计学博士学位。现任American University会计学助理教授。研究成果曾发表于顶级学术期刊Journal of Accounting and Economics。